How to find future development?

Question

Hi all,

Is the only way to figure out where future development planning is occurring is to go to city council meetings? Any one have any tricks/tips on figuring this out before development occurs so that we can try to front run it? Thanks

Ty Coutts · Answer

Hi Tim,

There are several effective strategies and resources you can use to stay informed about future development planning in your area, without solely relying on attending city council meetings:City Planning Websites: Most cities have planning department websites where they publish upcoming development projects, zoning changes, and long-term planning documents. These websites often include project proposals, public notices, and contact information for city planners.Local Newspapers and Publications: Stay updated with local newspapers, magazines, and community newsletters. They often report on upcoming development projects, zoning changes, and issues discussed at city council meetings.Online Forums and Neighborhood Groups: Join local online forums, neighborhood Facebook groups, or Nextdoor. Residents often discuss upcoming developments and share information they've gathered.City Council Agendas and Minutes: Review city council agendas and minutes, which are usually available online. These documents can provide insights into discussions and decisions related to development projects.Network with Real Estate Professionals: Connect with local real estate agents, developers, and property investors. They often have insider knowledge about upcoming projects and market trends.Attend Community Meetings and Workshops: Many cities host community meetings, workshops, or open houses specifically for discussing future development plans. These events provide opportunities to learn about and provide feedback on proposed projects.Utilize Planning Apps and Websites: Some apps and websites specialize in tracking real estate development projects. Examples include BuildZoom and Zonda (formerly Hanley Wood).Property Records and Permits: Monitor building permits and property records. Significant renovations or demolitions in certain areas can indicate potential future development.These are just some recommendations. There are numerous other ways to go about getting insights into future development planning. Please feel free to reach out if you would like more suggestions or if you just want to discuss. Hope this helps!

Ty Coutts · Answer

Hi Tim,

Here’s how you can make the most out of CoStar Premium to track future development planning:

Market Reports: Utilize CoStar’s comprehensive market reports which cover various aspects of real estate markets including upcoming projects, new developments, and market trends. These reports can give you an edge by highlighting areas with significant planned developments.

Property Analytics: CoStar provides detailed analytics on properties and their surrounding areas. Look for properties with recent transactions or those under construction to identify potential hot spots for future development.

Search Filters: Use the advanced search filters to find properties and development projects. You can filter by type, size, location, and development stage to pinpoint areas with upcoming projects.

News and Research: CoStar offers a news section with articles on recent and upcoming developments. Regularly check this section to stay updated on new projects and market insights.

Maps and Overlays: The mapping feature in CoStar allows you to visualize current and planned developments. Use overlays to view zoning changes, permits, and demographic trends that could signal future growth areas.

Alerts and Notifications: Set up alerts and notifications for new listings or changes in specific areas of interest. This ensures you get real-time updates on any new developments or planning activities.

Network and Collaboration: CoStar enables networking with other real estate professionals. Use this feature to connect with developers, agents, and investors who might have insider knowledge about upcoming projects.

Data Export: Export data and reports to conduct further analysis or share with your team. This can help you make informed decisions based on the latest market intelligence.

Feel free to reach out if you need further assistance or want to discuss more ways to utilize CoStar Premium effectively. Hope this helps!

Tim Goddard · Answer

This is great info, thank you!

Tim Goddard · Answer

Just to add... I have full access to Costar premium. I know they are good at staying on top of stuff like this. Anyone have any knowledge on how to utilize their services with regards to this?